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Close Brothers & Company Land Contract #2188, J.W. Adcock, Pipestone County, Minnesota

IvAJNTD CONTRACT.
THE J. M. W. JONES STATIONERY AND PRINTING CO., CHIOAOO, ILL.
TSTn. A/A-A
AK .day of-
Jfas %%xzzmzxiXf Made tins /a/,_davof (jL &--^_
between SOUTH MINNESOTA LAND CU. L'D- _of the first pari, on, % 11 ill cock
.18
_7ls_
Q^d-tSlsysS-
. State of.
311.
.of
and.
h
rJIcG^t-
. County of
Istst^&xfo
in consideration of the stipulations herein contained,
Qax
agrees to sell unto the second party, the
of Section No LA in Township No. ' £> <a~
containing, according to the United States Survey
more or less, for the sum of ., <y 1
, of the second part, WITNESSETH: That
the payments to be made as is hereinafter specified, the first party hereby
nge No.
tZ4
4-£
Z:AZ AAAca ^)
nJi. 2 3-7 . 7 _ 0 v
W
West of the fifth principal meridian,
aores, be the same
DOLLAES,
lf° ~ / DOLLAES
on which the said second party hath paid the sum of Ai. ft.a
on account of the principal.
And the said second party, in consideration of the premises, hereby agrees to pay to the said first party, at the office of
Close Bros. & Co., at Chicago, 111., the fobowing sums of prinoipal and interest, at the several times named below:
ON CR RFFORt
ON Oi
ON Oi
And it buing mutual! j undeistuud that the above premise-, die &i>ld to said acco:
the said second party hereby further agrees and obbgates-
z
<_-i_-i-i —■
^LA
party foi1 impgovomout and cultivation,
heirs and assigns, that all
improvements placed upon said) premises shab remain thereon and shall not be removed or destroyed, until final payment for said
lands. And furlher that Aa, wjh punctually pay said sums of money above specified, as each of the same becomes due;
and that <y2~s—_,vjjj regularly and seasonably pay all such taxes and assessments as may be lawfuby imposed upon said
premises. And if the said party of the second part fails to pay the said taxes and assessments before the same become delinquent,
the first party may pay the same and the amount so paid shall be immediately due from the second party as part of the purchase
money of the said land, and shab draw interest at the rate of eight per cent, per annum until paid, but the payment of any tax by
the first party shab not be a waiver of the forfeiture or the right to declare or enforce the forfeiture for the non-payment by the
party of the second part, of such taxes, or for anytather default. /
l__cr«.l TAnvoaoTit.ni.iirfl.._ nv -"Ci__o assigns, shall pay the
And in case the said second party,.
-legal representatives, or_
several sums of money aforesaid, punctually, and at the several times above limited, and shab strictly and literally perform all and
singular the agreements and stipulations aforesaid, after their true tenor and intent, then the first party wib make unto the said
pAtsCo
second party.
-heirs or assigns (upon request at the office of Close Bros. & Co., at Chicago, lb., and the surrender
of this contract), a deed conveying said premises in fee simple with the ordinary covenants of warranty, excepting, however, such
incumbrances as may be placed thereon by the location of public highways, railroads, or other pubbc use, or from taxes becoming
due after date of this contract, or that may attach thereto by reason of some act or thing done or suffered by the party of the
second part.
But in case the second party shall fail to make the payments aforesaid, or any of them, punctually and upon the strict terms
and times above bmited, and likewise to perform and complete all and each of the agreements and stipulations aforesaid, strictly
and literally, without any failure or default, the time of payment being of the essence of this contract, then the party of the first
part shall have the right to declare this contract null and void, and ab right and interest hereby created or then existing in favor
of the second party, or derived under this contract, shall utterly cease and determine, and the premises hereby contracted shab
revert to and revest in said first party (withont any declaration of forfeiture, or act of re-entry, or without any other act by said
first party to be performed, and without any right of said second party of reclamation or compensation for moneys paid and
improvements made), as absolutely, fully and perfectly as if this contract had never been made. And if in case of default of any
of the conditions or payments above mentioned, the party of the first part shab commence any action or legal proceedings either
to enforce the forfeiture or foreclose the interest of the party of the second part, or cobect the amount due thereon, or to obtain
possession of said premises, or restrain the removal of any improvements therefrom, the said party of the second part hereby
agrees to pay a reasonable attorney's fee for the commencement or prosecution of such action, and the same shall be assessed and
taxed by the oourt, and the party of the first part shall have judgment therefor, to be paid or collected the same as the purchase
price of the land.
And it is further stipulated that no assignment of the premises shall be valid unless the same shall be endorsed hereon, or
permanently attached hereto, and approved by the first party (for which purpose this contract must be sent to the office of
Close Bros. & Co., Chicago, 111)., and that no agreements or conditions or relationsjbetween the second party and -33^$.
fr_w-»_ shall preclude the first party from the
assigns, or any other person acquiring title or interest, fromj/or through
right to convey the premises to said second party, or_
-assigns, on the surrender of this agreement and the pay
ment of the unpaid portion of the purchase money which may be due to the flrst party.
In Witness of which the said parties have caused these presents to be executed and delivered in dupbcate, the day and year
above written.
., Q^AA/ZtzAa^ (Z>>
-TAssaZ/
SOUTJ TALAND CO., Ld.
SrhP
Purchaser will be entitled to a deed when one-third of purchase money is paid, and notes secured by mortgage bearing interest at eight per cent, per
num, payable annually, are given for the balance, said mortgage to be a flrst lien on the premises.
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